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The au Jibun Bank Japan Manufacturing PMI increased to 48.2 in March 2024 from a final 47.2 in the previous month, the lowest since August 2020, despite a ten-month contraction in factory activity and the softest drop since November, flash data showed.
The au Jibun Bank Japan Services PMI increased to 54.9 in March 2024 from 52.9 in February, marking the 19th consecutive month of growth in the service sector.
The au Jibun Bank Japan Composite PMI rose to 52.3 in March 2024 from a final 50.6 in February, flash data showed, marking the third consecutive month of private sector growth, with service providers expanding the most in ten months.
Nikkei 225 (NKY:IND) jumped 2.5% to above 40,825, reaching new record levels as the US Federal Reserve reiterated expectations for three interest rate cuts this year.
(USD:JPY) is trading at 150.979.
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